Global Heat Pump Market Size & Outlook
The heat pump industry worldwide is expected to reach a projected revenue of US$ 166,650.6 million by 2030. A compound annual growth rate of 9.3% is expected of the worldwide heat pump industry from 2023 to 2030.
Revenue, 2022 (US$M)
$81,585.8
Forecast, 2030 (US$M)
$166,650.6
CAGR, 2023 - 2030
9.3%
Report Coverage
Worldwide
Global heat pump market, 2018-2030 (US$M)
Related Markets
Global heat pump market highlights
- The global heat pump market generated a revenue of USD 81,585.8 million in 2022 and is expected to reach USD 166,650.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 9.3% by 2030.
- In terms of segment, air source accounted for a revenue of USD 69,152.6 million in 2022.
- Geothermal is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 81,585.8 million |
| Market revenue in 2030 | USD 166,650.6 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Air source |
| Fastest growing segment | Geothermal |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Source, Water Source, Geothermal |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global heat pump market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 268.7 million by 2030.
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Heat Pump Market Scope
Heat pump market segmentation & scope
Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat pump market will help companies and investors design strategic landscapes.
air source was the largest segment with a revenue share of 84.76% in 2022. Horizon Databook has segmented the Global heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Heat Pump Technology Outlook (Revenue, USD Million, 2018-2030)
- Air Source
- Air to Air
- Air to Water
- Water Source
- Geothermal
- Air Source
- Global Heat Pump Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
- Global Heat Pump Capacity Outlook (Revenue, USD Million, 2018-2030)
- Upto 10 kW
- 10 –20 kW
- 20 –50 kW
- 50 – 100 kW
- 100 – 200 kW
- Above 200 kW
- Global Heat Pump Operation Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- Hybrid
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Target buyers of Global heat pump market databook
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Our clientele includes a mix of heat pump market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global heat pump market , including forecasts for subscribers. This global databook contains high-level insights into Global heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global heat pump market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Heat pump market size, 2022 (USD Million)
Top 10 countries: Heat pump market size, 2022 (USD Million)
Global heat pump market, by region, 2022 (US$M)
Related regional statistics
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